The Paycheck Protection Program: Forgivable?
The Paycheck Protection Program We hope you’re all doing okay through all of this craziness. As the popular Paycheck Protection Programs continues to get additional funding, it’s important to remember the key thing about this loan: it is a loan... Read More →
IRS Economic Impact Payment (Stimulus Payment)
Stimulus Checks – Economic Impact Payments The CARES Act Section 2201 included a provision for Recovery Rebates for Individuals, commonly known as Stimulus Checks. The stimulus checks will be for up to: $1,200 for Individuals $2,400 for married filing jointly couples $500 for... Read More →
Section 139 – What You Need To Know About Disaster Relief Payments
President Trump’s determination that the ongoing novel Coronavirus (COVID-19) pandemic called for a nationwide emergency declaration under the Stafford Act has opened the opportunity for employers to provide tax-free assistance to their employees under Section 139 of the Internal Revenue... Read More →
The Economic Injury Disaster Loan (EIDL SBA-7b) vs. the Paycheck Protection Program (PPP SBA-7a)
Following the government’s declaration of a national emergency to combat the Coronavirus (COVID-19) pandemic, the Small Business Administration (SBA) is offering solutions to help small businesses in all US states, Washington D.C. and other US territories cope with the impact.... Read More →